Feb 07, 2023 by HM

House prices in Great Harwood (BB6 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Great Harwood (BB6 7).

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Price per square metre

Knowing the average house price in Great Harwood is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 212, Blackburn Road, Great Harwood, sold for £112,500 on Sep-2023. Given the internal area of 114 square metres, the price per sqm is £986.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 312 sales in Great Harwood (BB6 7) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Great Harwood (BB6 7). Of the 312 transactions, half were sold for between £970 and £2,010 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,010m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'BB6 7' is £1,310. The table below shows how 'BB6 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB6 7 Great Harwood	£970m2	£1,310m2	£2,010m2
BB6 8 Langho	£2,340m2	£2,850m2	£3,240m2

Will Great Harwood house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for BB6 7 (Great Harwood). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for BB6 7 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Great Harwood and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Great Harwood data or any other data I am given.

Price map for Great Harwood

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Great Harwood. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Great Harwood

Street level data

Street	Avg size	Avg £/m2	Recent sales
James Street, Great Harwood, BB6 7J	91m2	£1,104	21
Windsor Road, Great Harwood, BB6 7R	93m2	£1,186	17
Orchard Street, Great Harwood, BB6 7E	85m2	£976	17
Whalley Road, Great Harwood, BB6 7T	113m2	£2,240	15
Blackburn Road, Great Harwood, BB6 7L	109m2	£1,054	14
Glebe Street, Great Harwood, BB6 7A	78m2	£904	14
Cattle Street, Great Harwood, BB6 7N	79m2	£1,015	12
Church Street, Great Harwood, BB6 7Q	82m2	£1,272	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Frankland Chase, Great Harwood, BB6 7F	81m2	£2,025	14
Holdsworth Drive, Great Harwood, BB6 7F	95m2	£2,317	16

Frankland Chase, Great Harwood, BB6 7F has seen 14 new build sales in the last 4 years (average price £162,764). These new build homes typically have an internal area of 81 m2, with an average price of £2,025 m2. This £sqm average is £715 above the average for BB6 7. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Great Harwood is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
212, Blackburn Rd, Great Harwood	£112,500 Sep-2023	114	986
2, Russell Pl, Great Harwood	£85,000 Sep-2023	64	1,328
20, Spring Avenue, Great Harwood	£120,500 Aug-2023	83	1,451

See the entire list of all sales in Great Harwood (BB6 7) here.